Vixen Gold Project – Vulpin Zone, 2019-2020 and Historical Gold Results greater than 1.0 g/t Gold
Sample
Number |
Year |
Vixen North
Sample Location |
Gold
(grams/tonne) |
Silver
(grams/tonne) |
75927 |
2020 |
Vulpin Zone |
2.05 |
0.9 |
75951 |
2020 |
Vulpin Zone |
8.41 |
1.5 |
75963 |
2020 |
1.4 km east of Vulpin Zone |
1.50 |
- |
295572 |
2019 |
Vulpin Zone |
5.93 |
1.3 |
295565 |
2019 |
Magnetite-Fluorite Showing |
1.47 |
0.9 |
64969 |
2002 |
Vulpin Zone |
22.73 |
2.2 |
64972 |
2002 |
Vulpin Zone |
5.88 |
0.2 |
64968 |
2002 |
Vulpin Zone |
1.74 |
<0.2 |
87JG-199 |
1987 |
Vulpin Zone |
5.49 |
- |
During the first phase of the 2020 Program, gold occurrences were found within gossanous and magnetite-bearing host rocks, leading to the possibility of banded iron formation (“BIF”) gold deposits at Vixen, a gold deposit model which has not been historically sought after in the Vixen area. However, the Springpole Gold deposit (owned by First Mining Gold Corp.) located six kilometres to the south of Vixen North demonstrates the influence of NNW-trending BIF for hosting gold mineralization confirmed by both surface mapping and the detection of strong magnetic high anomalies observed in a 2004 aeromagnetic survey. At Springpole, strong evidence exists that gold and associated fluorite mineralization is genetically related to the high-level emplacement of a large, alkaline porphyry intrusive and breccia pipe complex (“APB”)2. ALX is currently reviewing the interpreted iron formation and fluorite occurrences at Vixen North to evaluate the presence of an APB gold mineralization model at the Vixen Project.
1 Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada, prepared for First Mining Gold Corp. by SRK Consulting (Canada) Inc., November 2019.
2 Technical report on the Springpole Lake Property, Red Make Mining Division, NW Ontario, for Gold Canyon Resources Inc., (Zabey, 2002).
ALX reviewed the digital data from a 1992 airborne electromagnetic and magnetic survey and subsequently commissioned a high-resolution magnetic and VLF-EM survey for integration with the 2020 Program results. The northern edge of a 3.0 kilometre-long magnetic high anomaly is coincident with a series of gold occurrences at the Vulpin Zone mapped in the first phase of the 2020 Program. The strong magnetic high feature curls southward into a lake that obscures any bedrock expression. ALX also interprets a broad NNW-trending shear zone striking through the Vulpin Zone that further supports the BIF hypothesis.
ALX considers Vixen historically underexplored where areas of limited outcrop have inhibited surface exploration and plans to identify new drill targets through detailed prospecting, leading-edge geochemical techniques, and geophysical surveys.